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can't wait to see. and you -- you are the only critic that matters. obama's economy, the sequel, crafting a legacy. you remember the original. the president inherits the worst economy since the great depression. billions in bailouts save the auto industry and stabilize wall street. where are the jobs? but the star of this show has his enemies, millions of americans turn to the tea party. their mission? stop this president from making fundamental changes, changes they see permanently damaging the u.s. economy. gridlock follows. and the 112th congress passes the fewest bills in 40 years. but in the end, its congressional approval that plunges, now standing at just 14%. the president insisted on higher taxes for the wealthy. part of his campaign designed to cast mitt romney as out of touch. his victory sealed, this president will have a sequel. >> for the united states of america, the best is yet to come. >> the original was a drama. but what the sequel needs is action. to it craft a legacy, this president must bring lawmakers together. cliff after cliff, short-term thinking and po
will probably not get much applause today, but he will restore the american economy, secure america's place in the world and his own place in history. thank you for watching "memo to the president." if you have an idea for the president, join us in the conversation online on #obamamemo on twitter or cnn.com/fareed. you can see our regular show on sundays at 10:00 a.m. and 1:00 p.m. eastern. thank you for watching. >>> the toughest issues facing america, job, gun, health care, immigration, climate change and more. frankly, can both sides agree on anything? i'll talk to obama's campaign co-chair. >> we want stuff done. we want solutions. we don't need perfection. we need progress. >> we'll talk about his legacy. >> i think he can learn from the past and he's try to do that. >> and what obama needs to do for america. >> he's swinging big. swinging for the fences. >> second-term presidencies have been filled with misspent political capital. >> this is "piers morgan tonight." >>> good evening. america has great expectations for president obama and at the same time the country is divided on issue
for december. what do you think this is going to tell us about where our economy is and where we are going? >> the economy had a rocky period, especially because of the last fiscal cliff. we were concerned that companies and consume verse stopped spending. what we will find out this month is whether that is true or not. most important is retail sales. retail sales and the consumer account for about 60% of all of our economy. except the consumers are spending the economy tends to do well. in the month of november, before the fiscal cliff, retail sales grew by about .3%. not a bad number what we are seeing from some of the economists that provide consensus forecasts is the number about .4%. that .4% would be a very good sign if the economy hits that number so we all should you can hopeful that it does. we are also looking at other things like housing starts. as we all new york the housing market has been down for a long period of time it is starting to rebound and it is a very, very important part of our economy. we saw housing starts in november 861,000 and the forecast shows 876,000 that w
's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to acknowledge him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second term, as margaret alluded to is overreach. there's a period after you win. especially after re-election. your first-term policies seem to have been validated, that you look at those results and you think you're all powerful. the famous example in recent history is george w. bush. in 2005, remember he came out and did that press conference and said he had political capital and meant to spend it and the first thing he tried to do was pass a plan to reform social security that was just destroyed by the democrats, and then katrina happened. and his presidency was over by the end of 2005, at least the second term. so, you know, i spent a lot of time reporting on this the last year, talking to white hous
to threaten to wreck the entire economy. that is not how, historically, this has been done. that's not how we're going to do it this time. [ inaudible question ] chuck, what i'm saying to you is that there is no simpler solution, no ready, credible solution other than congress either give me the authority to raise the debt ceiling or exercise the responsibility that they have kept for themselves and raise the debt ceiling. because this is about paying your bills. everybody here understands this. i mean, this is not a complicated concept. you don't go out to dinner and then, you know, eat all you want, and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way the american people do. you don't -- now, if congress wants to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. but you don't say, in order for me to control my appetites, i'm going to not pay the people who already provided me services. people who alre
.5 trillion input into the economy, they help to maintain our social security system. we know that we're now a majority, children majority minority are being born inn now in the united states these kids will help beef up our social security system which we have got to strengthen right now. >> so you think looking at washington, that in this second term, the first year of the second term, the approximate it can deal with such important critical economic issues like raising the nation's set ceiling, but he can also deal with comprehensive immigration reform and also deal with the issue of gun safety out there, all three of these issues, do you think the president could juggle at the same time with congress? >> i know president barack obama, that's not the real question. the answer is yes, that's not the real question, the question is request the congress. remember the last congress was the least productive congress in 50, of years, maybe longer. and this congress has got to move in another direction, they have got to be able to chew gum and walk at the same time, yes, it doesn't feel like it b
. it was hope. it was change. as this president begins the second term, still a sluggish economy, a polarized political environment, what is the number one challenge as he prepares to address the american people tomorrow? >> well, i still think it is about the hope of the american people, and it is still historic, the second inauguration of this president. but at the same time, obviously, it's going to be working with congress to get the economy moving, moving forward in terms of the big initiatives that the president considers to be so important with regard to immigration reform, implementation of health care reform and making sure that everybody has an opportunity, has a shot at the american dream. >> you mentioned health care reform. you know, republicans would say he did that first last time. he got in our face. that ruined the environment. i know each side blames the other side. i don't want to revisit history, but as the president picks his order this time, republicans have, for example, shown a willingness to work on immigration. should he do immigration before gun control, try to coop
here in many respects, whether it is deficits, measures to help economy, immigration, gun safety legislation, there's huge support amongst all independents, democrats and republicans throughout the country. the barrier is there's factions here in congress, republicans in congress out of the mainstream. we need to bring the american people to-to-these debates. >> do you need to bring the american people into these debate buys suggesting evil motivation by your opponents? i think that's what -- you know, it's hard to see a president calling you for unity when he is suggesting that people who disagree with him don't disagree with him on policy but because they care more about the nra or they don't care, in the case of the debt ceiling, whether the country falls into recession again? is that the way to go about it? >> the debt ceiling it is truth. think about this, can dirk the first time in our country. >> reminding people president himself, when he was in the senate, voted against the debt ceiling, these people that he is suggest want the country to go into default are doing the sa
automatically because our debt is going to grow along with our economy from year to year. especially it's going to grow in times when we need to spend a little more to juice our economy. but you know, bernanke has very little credibility with the republican party because republican leadership last year actually sent letters to him saying stop with your quantitative easing and your other extraordinary measures to juice this economy. they're already angry at him, so him saying we should from the debt ceiling is not going to do anything in congress. >> part of the problem is the debt seems to go up and good times and bad times and no one ever seems to have the courage to cut it, but it's a very bipartisan thing in terms of raising it. 76 times it's been raised since 1962. and the number one president in terms of raising it, the winner is ronald reagan at 17 times. that might shock people who like to see him as the paragon of responsible spending. >> we'll start with the deficit, shrinking more rapidly than at any time since the end of the korean war. in the end of december, we had a deficit for th
. defaulting on our fiscal obligations would hit the economy harder than that cliff we narrowly avoided and will face again. a report put out by jpmorgan in 2011 exploited the myth going around a few missed payments would be no big deal. they said any delay by the treasury would have ripple effects similar to the aftermath of the lehman brother collapse. not sure that's true but it's serious. this is all caused by the dell ceiling. the u.s. is the only other country other than denmark that uses this tool. that's why ben bernanke has joined critics questioning why the u.s. needs a debt ceiling. >> i think it would be a good thing if we didn't have it. i don't think that's going to happen. i think it's going to be around. but i hope that congress will allow the government to pay its bills. >> ron brownstein is cnn senior political analyst and editorial director at the "national journal." good to see you. the public debt stands at more than $16 trillion. in and of itself it may not be as serious a problem as some make it out to be, especially when it costs the government about 1.8% a year
. they are badly designed and they are damaging the venezuelan economy. the economy is, frankly, in shambles. barclay's research puts venezuela's annual fiscal deficit at nearly 20% of gdp, one of the highest imbalances in the world. total debt has more than doubled since 2008. and that is despite the fact that venezuela has the greatest proven reserves of oil in the world. more than saudi arabia, iran or canada. when hugo chavez first came to power in 1999, oil was trading at $11 a barrel. today, it is trading at $111 a barrel. chavez has presided over the greatest windfall in his country's history. and, yet, venezuela is probably the only petro state in the world where people regularly suffer power outages. infrastructure is crumbling and public security is abysmal. venezuela has one of the worst homicide rates in the world, worse even than colombia, honduras and mexico. a recent foreign affairs essay pointed out that venezuelan exports to the u.s. from the start of chavez's rule through 2011 added up to nearly $350 billion. that's iconic for a presidency which marketed itself as anti-amer
high-paying jobs in energy, in manufacturing, in technology. add all of that up and this economy is poised to soar as long as washington doesn't bring it down. fareed zakaria is the host of cnn's fareed zakaria "gps." the real deal to avoid the fiscal cliff that may have ruined my new year's plans, you correctly stated was a small victory for sanity. the greater issue is what is missing from that deal and the mini cliffs that we're going to encounter. the debt ceiling cliff, the southwe sequestration cliff and the budget battle. does it stand in the way of what could be happening in the country? >> it stands in the way in two ways. if you're a company that does business with the defense department, if you're watching this sequestration madness. our the debt ceiling madness, are you going to be hiring new people? are you going to be expanding production? no, you're going to be wondering, is the defense department budget cut by 20%, 10%? so there is that -- >> you will hesitate to make certain business decisions, particularly hiring decisions? >> exactly. republicans often talk abo
. and a lot of republicans say it poisoned the waters. when you look at the agenda now, there's the economy, the deficit, gun control, immigration. what should the president do first to show republicans he's not looking for revenge or looking to pick fights? >> i would say the budget. to make an honest attempt on both sides to try to reduce spending or reduce the growth in spending. that to me is the one place where there is enough on the table that both sides can make progress if they want to. you get into gun control, i basically support the president's program, but he's not going to get very much support at all among republicans for that. that's a good political point for him, but i don't see it going anywhere. as far as the illegal immigration or making it legal or whatever, reform, i would say there's an opportunity, people like marco rubio, for instance, and others, and also you have the chamber of commerce, you have some republican vested interest. i would say the budget and immigration are the two areas, spending and immigration. >> can he get through some simple things on gun contr
and nancy pelosi in december of 2007. he said the economy is slipping, i need a stimulus and they worked with him to give him the kind he can sign. then 2008, the terrible crisis and it was a very partisan thing in which the bush administration got more support from democrats and republicans in the final vote. then comes the election of barack obama and mitch mcconnell's announcement that his number one agenda item is to defeat president obama. we have, i think, a productive 2009 and 2010 and then in 2010, a group gets elected in the house, in particular, we don't believe in governance. not totally pessimistic. the way to go we've seen in the last three major issues in the house, a split within the republican party where main stream conservatives of the bob dole variety have aligned with the majority of democrats. they've been opposed by a majority of republicans in the house, but not of the whole house and speaker boehner, to his credit, has been allowing a coalition to come together and i hope what happens is that the main stream conservativism of the republican party continue to fight
lawmakers accountable for what they're doing or not doing to the economy. i am the network's chief business correspondent in addition to anchoring the show. it's a title i earned covering economies and businesses and stock marks around the world. you can see me do that every weekday morning on a show called "world business today." next week, i'll be talking to some of the smartest most powerful minds in business who have an impact on your prosperity. let me show you where i'm going. davos is in the eastern part of squitser land in the swiss alps. it is the highest city in europe. a little more than 10,000 people live there, but every year some of the biggest names in business come in for the world economic for forum. it turns out to be the coldest place in europe and maybe the best place to take the temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and
dangerous way to do it because we start playing with everybody in our economy eye lives. so if we hit the debt ceiling and we don't have a bill that changes it, when we hit somewhere around $16.4 trillion worth of gdebt, the government will have to stop spending because of the debt limit. because we take it a whole lot -- we spend a whole lot more money than we take in, the debt ceiling become as real issue pd at government has to stop spending about $100 billion a month. that means the government will have to lay off people and that will mean more unemployment and more pain for people. it also means the government won't be able to pay all 6 it bills and it may stop sending money to the businesses in the united states. some of whom could go bankruptcy because of it. >> critics have said you can list out all of the things that won't get paid respect but in the end it has a massive ripple effect. and yet the house speaker said yesterday the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved.
in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. >> he's talking about bipartisan, but you would agree that he's also playing politics here or no? >> i'm not going to second-guess what the president, his motives and everything. i can tell you, there's a lot of democrats who believe we need to cut spending also. and we need to get our house financially in order. with that, we're hoping it happens sooner than later. i've always been for the bowles/simpson approach, which was a big fix, so we don't go through these crises every two or three months. it's ridiculous. we've kicked the can so much, there's nothing left. we've got to come to grips and sit down and work through this. it's taken longer than needed. that's why congress -- it's really broken in washington. it's really what no labels and why jon and i are here. we're looking for solutions and a venue that we can sit down and work out our differences. and this is the one i think works well. >> jon huntsman, we're already hearing this discussion about
this debt ceiling pretty much to -- you know, as the democrats like to say, to take the economy hostage, to demand spending cuts. they have backed off of that, looking at some plan to raise the debt ceiling at least for the next three months, to give some time for those talks to happen. and there is a big challenge in coming together, because the president still really feels like absolutely, the debt needs to be focus on, it's a huge issue, big priority, but it needs to be done in a balanced way so that all the spending cuts are not focused on programs for those who are most vulnerable. so we'll see. >> so ana, do you think that the debt ceiling will set the tone between the president and congress? >> no. i think we're going to get a short reprieve. i think we're talking about, you know, what the republicans were talking about, i was actually at the gop retreat that maria just referenced and it's a possible three-month extension. but at some point, the problem, the whole problem, has got to be dealt with in a holistic way. the deficit has got to be dealt with. debt has got to be dealt w
to hold wall street and the big banks accountable and protect consumer and the u.s. economy. >> after all we have been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid off construction worker keep his home. >> reporter: republicans in congress want to cut obama era and even bush era regulations which they dismiss as unnecessary red tape. two laws are at issue here. dodd-frank and sarbanes-oxley. dodd-frank is the signature financial reform of president obama's first term. it set up the consumer financial protection bureau to write new rules to prevent fraud and unfair lending practices and put limits on banks deemed too big to fail by monitoring threats and stopping another financial crisis. sarbanes-oxley was a response to a different crisis, the enron accounting scandal of the early 2000s. it set up stricter accounting rules for companies of all sizes. critics say it drives up costs for smaller businesses and restricts growth. what does it mean for small businesss? for the big banks? well, we spoke to a community
showdown. budget brinksmanship. that never happens. a down grade for the economy. >> america's credit rating gets a downgrade. >> now, where were we? >> we were here, 2012. election year. what could possibly go wrong? ♪ i'm so in love with you >> how big a deal that the president sings? is it true he has a good voice? ♪ so in love with you >> major developments. >> i think same-sex couples should be able to get married. >> supreme court holds obama care is constitutional. democrats hold convention, obama holds clinton. campaign push, presidential debate, presidential dud. >> now four years later, we still have trillion dollar deficits. >> presidential improvement. >> i don't look at my pension, it isn't as big as yours. it doesn't take as long. >> presidential victory. a time to look back at sports teams, disaster, promises kept, most troops out of iraq, sports teams, disaster. upheaval, khaddifi dead. sports teams, sports teams, promises broken. guantanamo still open. disaster, tragedy. ft. hood, tucson. >> our hearts are broken by their sudden passing. >> colorado, newtown. >> f
've gotten invite after invite. >> two weeks ago i would have said it's quiet this year, the economy, less excitement. and yet in the past four days, i've gotten invitations to things i had no idea were going to happen. things coming out of the woodwork. i don't know what it is. some people are scaling back instead of having big dance parties at night, a lot of corporations are doing brunches. whether that's actually less expensive or whether it's just supposed to look less expensive, i'm not exactly sure. but you are -- >> you think it's about optics. >> perhaps. i mean, that's certainly with the -- having the two official inaugural balls. >> i've seen so much ink about online and print and even on television, about the first lady's haircut. i wonder if this saturday, if people are going into their salons, amy, saying, hey, listen, can i get the -- michelle obama? yeah. >> yeah. >> what do you think? >> yeah, oh, i think so. we've seen the photo. we're going to want to see how the bangs move. that's what we'll be looking for. >> let's see. >> i've got the side sweep. she got the straight
failures of second terms, wars, bad economies and corruption. and in washington, core run suggesti -- corruption is a dangerous thing, you are arrogant, been around too long, you drink that potomac water that can happen to anyone. the world is unraveling in front of us, the economy still in tough shape. president obama has a tough hand of cards to play here. >> congress is as popular as a root canal. only 7% of the american people have approvehood of congress. i think this president is going to get off to a great start tomorrow. congratulations, barack obama, the people are very excited to be here in washington, d.c. >> congratulations. on that we agree. >> the picture of diversity up here now. let's talk about diversity. the president has got an a lot of criticism for his senior cabinet picks, right? appears to be all white men here, senior adviser, valerie jarrett, an african-american woman, said this to cnn earlier today. let's take a listen. >> his cabinet, when he is finished, and he is far from finished, will have diversity, including women, including people of color. he beli
the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me about what we're debating or as the president puts it not debating? >> what we're debating or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumbe
that shape. but they have changed it up a lot. fuel economy has been a good selling point in the corvette. >> final question, does winning these top honors help auto manufacturers sell these cars? >> you know, that's always a big question. the bottom line is yes, they do. they do help auto dealers. it is no guarantee. we have certain seen cars win these awards in the past and then just fail in the marketplace, just for whatever reason they didn't catch on with customers. it helps, but it's certainly not enough to do all about itself. >> peter from cnn money.com. thank you so much. >>> a talk back question for you, what's the best way to honor the newtown victims. you can face book me at facebook.com/carolcnn. >>> we want to take you to baltimore now, it is the johns hopkins summit on gun control. mayor michael bloomberg is speaking. >> including private sales at gun shows and online. these private sales now account for more than 40% of all gun sales nationally, which means that in 2012 alone, there were more than 6 million gun sales that happened with no background checks. many of those g
? >> god forbid something happens in this country. piers, we have $16 trillion in debt. our economy is teetering. what would happen if our economy collapsed? who is to say what would happen? look at l.a. riots, everything that happened. things happen in this world. >> then there's a reality check. >> this is reality check. >> back in the 18th century, right? let me explain one other thing to you. if your government does turn tyrannical they have 5,000 nuclear war heads at their disposal to come after you and your guns. let's wake up and smell the coffee. >> you know, if they want to drop a bomb in tennessee -- >> let me bring in james fox. >> that's just ludicrous. >> we seem to be focusing too much just on ar-15 and assault weapons. a small percentage of homicides are committed with assault weapons. >> exactly. exactly. >> wait. let me respond to that. because the reason that i've been focused on that, in particular, i'm aware it's a small percentage of the killings in america. last four shootings in america, aurora, oregon shopping mall, firemen lured to their deaths before christ
, the president had many of these important issues in his in box, but he decided that the economy should have been the big focus. i think he can tackle gun safety laws, immigration, of course continue to improve our economy so that we can get people back on their feet. i think what anna did this past weekend in williamsburg is very important. she was speaking to some of the most powerful republicans in the country. but if they don't listen to her message, they're in trouble. but we're going to fight. >> we've been waiting for four years on immigration reform. it was a promise president obama made he was going do his first year. we're hoepg it get hoping it g first year second term. >> hope soo toe some bipartisan work. >> go have a bipartisan meal right after this. >> ladies, nice to see you. thank you is so much. >> all right. this question, of course, when we come back, we'll be back a little later today, but up next, are your political leaders set to derail an economic recovery? a can't-miss edition of "your money." almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal.
that the global economy will grow by 3% this year. the revised figure is 2% to 4%. officials largely blame the u.s. and europe for the drop. they said political squabbling over the fiscal glif and the upcoming debt ceiling debate pose big risks to the worldwide economy. the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information google cannot access. you could look for restaurants your friends like, kind of like yelp or look for job connections like on linked-in or you can use it to find singles in your area. steven levy is the senior writer for "wired" magazine. steven, welcome. >> thank you. >> okay, you went to the facebook campus, experimenting with graph search. you interviewe
, foreign affairs, immigration, but those are not so important to americans. the economy, he's at 48%. what's the second most important? the deficit, we know that's been in the news lately, 41%. so it depends on the issue. >> and gun policy is in there as well. that snuck in there. has the president lived up to expectations, do you think, according to our polls? >> we asked just that and you can see from these results, about one in ten, 13% said he has exceeded expectations over the last four years. about four in ten says he's met expectations. a slight majority says yes, he's met or exceeded expectations. at the bottom, almost half said he fell short of expectations. these numbers are a little bit better now than they were a year and a half ago. >> the man with all the numbers for us this morning. paul steinhauser, nice to see you here. this weekend, the focus is on the inauguration, as we've been talking about, but it is the next four years that concern president obama, of course. the problems and the potential pitfalls. oh! progress-oh! [ female announcer ] with 40 delicious progresso so
of the congress is becoming the nation's dysfunction and we are becoming disfigured in a sense, the economy s because congress is so far behind in the game. so the premise is a simple one, and that is that we want to create a new attitude around problem solving. how do you do that? you have to get a critical mass together of problem solvers which is what we are doing. we have 25 signed on and the goal by the end of the year is to have 75. so if you can imagine 75 republicans and democrats house and senate members agree to meet and check the ego at the door and sit around the table to put the country first as opposed to party and the next election and thinking about the future when they deliberate about the very important issues, that is the objective, and so far as i can tell, candy, and i'm a recent convert to this, and they came to me most recently, there is nobody else in the world of movements now that is focused on bringing people together around the premise of problem solving. >> well, certainly, there have been third way, and a lot of the groups out there that have sort of tried this,
to bring about the collapse of the iranian economy or the surrender of their government. we're not saying sanctions are meaneringless. they are imposing various types of hardships on people in iran, but they are not having the kind of strategic effect that proponents of them here say that they will have, and i would say historically, there's no real example of a case where sanctions organized and instituted by the united states have led either to the overthrow of a government we didn't like or led it basically to surrender our our policy demands. we impose sanctions on iraq for more than a decade. killed more than 1 million iraqis in the process, half of them children, and the iraqi people didn't rise up to overthrow saddam. they didn't you know, change iraqi policies. it took a disastrous u.s. invasion in 2003 to do that. sanctions are not going to have the effect that people are being promised that they'll have here. >> i could talk to you both for hours. we didn't even scratch the surface of the nuclear capabilities and the allegations made against iran on that front, but hillary and f
on the screen and i thought, well you know what the economy is still bad there's 7.8% unemployment, underemployment is also skyrocketing. then my husband had to go look at the cross caps. >> i hate it when i look at that. >> toad look at the science. toad read the numbers. you had a great point. you did discover something that is noteworthy. >> if you break it down, the real news here is the polarization. i mean, 76% of democrats thing thinks are going very well. only 28% of republicans. just another reminder of how drunk we are on partisanship. >> that partisanship or is it that democrats are glass half-full and republicans are glass half-empty? >> marg is a great very glass half-full republican. >> reagan was a sunny optimist you can the eternal optimist. >> he was. it does speak to how our partisanship fueled our perceptions, looking at the same data. >> let's talk about this thing about monarch, king conflict that many republicans say the president has. i want to get this quote. here's what republican senator rand paul says. he said, gop says, "they are going to stop this king
's second inauguration speech and he was in the a similar situation to barack obama. the economy was struggling. and he did not give a speech that was designed to say, heal the nation's wounds and bring the nation together. he gave a surprisingly polarizing speech saying we have a ways to go. we have got a -- it's not about more for those who already have much. it's about helping those who have nothing. it was called the one-third of the nation speech, because he pointed out, look, we are not at the promised land, i see a nation that has a long way to go. do we quit now. i expect actually, look barack obama's main goal is to democratic house in two years. unless he does that, he will not legislatively anything that he wants. so, if that is -- we are going to see a test of that in this speech and we will see a test of that in the first few days of the administration. if the agenda is polarizing, then we see himming looking at 2015. >> van, do not go too far, when we come back, a rare look inside a place few people have ever seen before. an historic part of the u.s. capitol, stand
in exchange for not crashing the american economy. >> let's talk about that and more with congressman cathy mcmorris rodgers of washington state. she's a member of the republican leadership in the house. she's chairman of the house republican conference. congresswoman, thanks for coming in. >> thank you. good to be with you. >> of course. i wanted to get your reaction to what the president said there. his point that hays driving over and over again that this is not about authorization new spending and all of this is about paying bills that we've already racked up. so how do you counter that? >> it's the wrong analogy. this is about the credit card being maxed out, and then we're going to the credit card company, and asking to raising that limit even farther. we are talking about future spending. and it is a debate that needs to happen. we need the president to get serious about the out-of-control spending, the record debt that we've accumulated as a country. and we need the federal government to stop spending money that it doesn't have. >> i understand that you are making, republicans are, mak
are encouraged that there are signs that congressional republicans on holding our economy hostage to extract drastic cuts in medicare that middle class families depend on. it was positive from the white house. pretty negative response from nancy pelosi, the democratic leader in the house. this pros poll sas, she says, does not relieve the uncertainty faced by the middle class. this is a gimmick unworthy of the challenges we face and the national debate we should be having. the message for the american people is clear, no gauges, no default. is there a lack of coordination in the response between pelosi and the white house? >> look, i think both sides are true. it's positive that the republicans and the congress are backing off of that threat. it's also true that we can't go in three-month increments having a debate about whether we're going to pay our bills and whether we're going to jeopardize the full faith and credit of the united states of america. we need to work this through, find a long-term solution for this and bring some certainty to the economy. >> i'm not sure i'd say it's an ent
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not get much applause today. but he will restore the american economy, secure america's place in the world and his own place in history. thank you for watching memo to the president. if you have an idea for the president, join us in the conversation online on #obamamemo on twitter or go to cnn.com/fareed. don't forget, you can p.m. eastern. thank you for watching. >>> this is "piers morgan tonight" and the doctor is in. extraordinary hour with dr. oz. >> when i look around this country and i see people with big bellies i see folks who can't cope with stress. >> taking your questions and taking on the health issues that really matter. >> the number one underappreciated health problem in america is sleep issues. >> the crisis facing america. >> french fries by themselves the single worse food in the u.s. diet. >> dangerous new flu bug. >> might be the worst in ten years. >> also, stress, sleep, sex and secrets for long and healthy life. no exercise. i've drunk far too much alcohol, eaten far too much bad food and i feel great. plus moment of truth. the results of my own 15-minute dr. oz phys
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